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Anthropic Snags Another $1B From Amazon; OpenAI Joins Data Center Push

Crunchbase News

Anthropic, a ChatGPT rival with its AI assistant Claude, is reportedly taking in a fresh $1 billion investment from previous investor Google. Billions of dollars have been earmarked to build out new data centers for AI initiatives. In October 2023, Google invested $2 billion in the OpenAI rival.

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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO

The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.

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Gartner: 13 AI insights for enterprise IT

CIO

The reality of what can be accomplished with current GenAI models, and the state of CIO’s data will not meet today’s lofty expectations.” GenAI will easily eclipse the effects that cloud and outsourcing vendors had on previous years regarding data center systems,” according to Lovelock. “It

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Going ‘AI native’ with in-house ChatGPT the MITRE way

CIO

As a nonprofit R&D center for the US government, MITRE is no stranger to AI. Its researchers have long been working with IBM’s Watson AI technology, and so it would come as little surprise that — when OpenAI released ChatGPT based on GPT 3.5

ChatGPT 201
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Marsh McLennan IT reorg lays foundation for gen AI

CIO

Re-platforming to reduce friction Marsh McLennan had been running several strategic data centers globally, with some workloads on the cloud that had sprung up organically. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

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Partnership Could Put $100B Into AI Data Center Infrastructure

Crunchbase News

As AI technology advances, it’s putting ever-increasing strain on existing data centers and associated power sources. The effort comes amid a boom time for data infrastructure assets. Shares of leading data center REITs, such as Digital Realty Trust and Equinix are up sharply over the past two years.

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What to expect from AI in the enterprise in 2025

CIO

However, this will depend on the speed at which new AI-ready data centers are built relative to demand. McKinsey has calculated that global demand for data center capacity could rise at an annual rate of 19% to 22% from 2023 to 2030. This year we saw online education giant Chegg lose 99% of its market value, or $14.5